Carla Vista Construction Co. uses the percentage-of-completion method. In 2021. Carla Vista began work on a contract for $20875000; it was completed in 2022. The following cost data pertain to this contract: Cost incurred during the year Year Ended December 31 2021 2022 $7550000 $5350000 Estimated costs to complete at the end of year 4955000 If the completed-contract method of accounting was used, the amount of gross profit to be recognized for years 2021 and 2022 would be O 2021 2022 O $0. $7975000. $0. $8370000. $7975000. $(395000). $8370000. $0